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China is the United States' number two trading partner according to the US Census Bureau statistics. With over $259 billion dollars in trade in the past year. The Rhodium Group, which tracks investment from China in the US, reports that there has been over 16.2 billion invested in the US by China in the past year. Missouri has attracted 4 such deals worth up to half a billion dollars in investment.
We at the MAEDC expect to be leading the pack in attracting foreign investment from China and around the world to our local economy. That is why we are active members of AmCham China (American Chamber of Commerce in China). AmCham is a non-profit organization which represents US companies and individuals doing business in China. We are active members of AmCham, and have participated in several Overseas Investment Fairs in China, and have been called on to present on behalf of the US embassy in such events.
This relationship assists our local businesses to maintain and build trade relationships with China and vice versa. It promotes our area as a leading candidate for Chinese investment, and it gives us greater understanding of what it takes to compete and succeed on the global stage of business. This also, makes the personal contacts necessary to make things happen, and to keep our area in front of active business investors.
This relationship is highly strategic for our area. We expect to be in the know when it comes to international trade, and in fact we are a leading force and player on this stage. Our AmCham partnership is an important aspect of our international investment strategy.